Japanese prosecutors re-arrested Nissan Motor Co’s ousted chairman Carlos Ghosn on fresh allegations of aggravated breach of trust on Friday, dashing chances he would soon be released on bail, media reported.
Global stocks were sailing into Christmas on a sea of red on Friday, as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook.
Japanese prosecutors have re-arrested Nissan Motor Co’s ousted chairman Carlos Ghosn for aggravated breach of trust, which means he could be detained for another 10 days, media reported on Friday.
A trade secrets lawsuit brought by Canada’s Bombardier Inc against the aircraft unit of Mitsubishi Heavy Industries Ltd should be dismissed because the allegations are baseless and designed to “disrupt development” of a rival jet, a spokesman for the Japanese company said on Thursday.
The dollar hovered near a one-month low against its peers on Friday, weighed down by a subdued outlook toward U.S. interest rates and the economy, while risk aversion in the broader markets boosted the yen.
Apple Inc on Thursday changed how it reports on U.S. national security requests for user data, bringing its procedures more in line with those of technology rivals such as Microsoft Corp and Alphabet Inc’s Google.
U.S. game software firm Zynga Inc said on Thursday it would buy a majority stake in Finland’s Small Giant Games, maker of the popular Android game Empires & Puzzles, for about $700 million, in a move to strengthen its mobile game portfolio.
Global stocks were sailing into Christmas on a sea of red on Friday as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook.
Asia Pacific M&A volumes clocked their second-highest level on record this year and dealmakers are optimistic the momentum will persist into 2019, with inbound deals into China emerging as a strong theme amid political and macroeconomic headwinds.
Dealmakers celebrating their third-strongest year on record are fretting 2019 will herald a steep drop in mergers and acquisitions worldwide, as market jitters and economic uncertainty take their toll.
A flurry of initial public offerings (IPOs) in Hong Kong propelled the financial center to first place for IPO volumes globally, but next year is unlikely to see as many big-ticket listings.
Nike Inc’s quarterly results beat Wall Street estimates, boosted by strength in North America where new launches led to higher sale of more full-priced footwear and apparel online, sending its shares up 7 percent on Thursday.
Investors are finding out that it is not all puppies and unicorns when it comes to momentum plays, in a painful lesson as the Nasdaq tumbles to the edge of a bear market.
Global lenders including Citigroup and HSBC are stepping up efforts to sell day-to-day banking services to Asia’s fast-growing new technology firms, amid growing competition for more traditional transaction banking.
Campbell Soup Co named Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive on Thursday, a key step in the U.S. company’s efforts to regain market share and boost profits.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
